Wynwood Norte Covered Land Play Opportunity | 255 NW 32nd St
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Wynwood Norte Covered Land Play Opportunity 255 NW 32nd St
3 Unit Apartment Building $3,057,300 CAD ($1,019,100 CAD/Unit) Miami, FL 33127
Investment Highlights
- Income-Producing Covered Land Play Property With Rent Upside
- The Wynwood NRD2 Zoning Overlay Allows For An Increased Density of 150 Units/Acre Or 33 Units For This Site
- Close To Midtown, Wynwood & The Design District
- Seller Financing Available
Executive Summary
DWNTWN Realty Advisors has been retained exclusively by ownership to market for sale 255 NW 32nd Street, Miami FL 33127. The subject property consists of two separate structures sitting on a 10,000 SF lot; a duplex with 3 bedrooms and 1 bathroom each on both the top and bottom floors, as well as an ancillary unit with 3 bedrooms and 2 bathrooms. All units are around 900 SF each. The property is currently 100% occupied with rents at $1,995 per month and a total gross income of $71,820. Rents are on a month-to-month basis and are determined to be under-market. The property is best seen as a covered land play, offering an investor the opportunity to ultimately take advantage of the Wynwood Norte NRD-2 zoning overlay for low-intensity infill development. The site carries an increased density of 150 d/U per acre, allowing for approximately 33 units.
Property Facts
| Price | $3,057,300 CAD | Apartment Style | Garden |
| Price Per Unit | $1,019,100 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Sale Conditions | Redevelopment Project | Building Size | 2,588 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1.55/1,000 SF |
| Price | $3,057,300 CAD |
| Price Per Unit | $1,019,100 CAD |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 2,588 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.55/1,000 SF |
Unit Amenities
- Air Conditioning
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Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 01-3125-019-2940 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $463,714 CAD |
PROPERTY TAXES
Parcel Number
01-3125-019-2940
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$463,714 CAD
zoning
| Zoning Code | T4-R with NRD2 Overlay (T4 Transect, Residential NRD-2) |
| T4-R with NRD2 Overlay (T4 Transect, Residential NRD-2) |
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Wynwood Norte Covered Land Play Opportunity | 255 NW 32nd St
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